Annual Fund

• A gift of appreciated securities (held for at least one year and one day) may provide you with significant advantages as you support the Greenville Symphony Orchestra.
• Benefits to you can include:
  • A charitable tax deduction for the full market value of the donated securities.
  • Eliminating state and capital gains tax on securities that have increased in value since you purchased them.
  • Potentially making a larger gift using an appreciated asset than you could if you were contributing cash.
• If you are gifting stock, please notify the GSO Office at 864-232-0344 x119 or llane@greenvillesymphony.com of the name and number of shares transferred so we may correctly identify, credit, and acknowledge your contribution, as the names of donors may not be provided in a stock gift transaction.

Brokerage
The Vaughan Group
Merrill Lynch, Pierce, Fenner & Smith
300 North Main Street, Ste. 301
Greenville, SC 29601

Merrill Lynch Staff Contact
Lauren Hornaday
864-298-0826

DTC
8862
Greenville Symphony Orchestra Account #
718-07A02

If gifting a physical certificate, please deliver the certificate in the name of: Greenville Symphony Orchestra

Deliver To:
Vaughan Group
Merrill Lynch, Pierce, Fenner & Smith
300 North Main Street, Ste. 301
Greenville, SC 29601

• A Letter of Instruction signed by the certificate holder transferring ownership to Greenville Symphony Orchestra must accompany certificates gifted in a name other than Greenville Symphony Orchestra. A separate stock power signed by the certificate holder is also required.
• Questions regarding any securities transfer should be directed to Lauren Hornaday, at The Vaughan Group – Merrill Lynch, Pierce, Fenner & Smith.  Ms. Hornaday can be reached at 864-298-0826.

Required Minimum Distributions​

• Congress made permanent the law enabling individuals over age 70 1/2 to exclude up to $100,000 of their required minimum distribution from income if the RMD is made payable directly to a qualified public charity.  Individuals who are age 70 1/2 or older must generally take required minimum distributions from IRAs, profit sharing, 401(k), 403(b), 457(b) plans and other retirement plans by December 31.  If donors have more than one IRA (of which they are the original account owner), they can take the RMDs for multiple IRAs from one account.  The same holds true for 403(b) plans.  Also, if someone inherited an IRA as a beneficiary, that individual will have separate RMD requirements for the inherited IRA.

Appreciated Securities

• Giving assets that have appreciated also provides key tax advantages to both donors and public charities. It often makes the most sense to donate appreciated assets — and the unrealized capital gains — to a charity instead of donating cash. In this case, everyone — with the exception of the Treasury department — wins. The donor receives a fair market value deduction for the asset donated and doesn’t pay gains on the gift. The charity receives the appreciated asset and, in turn, can sell the appreciated asset without paying capital gains tax and thus can keep the entire amount of the gift to be reinvested for potential tax-free or tax-advantaged future gain.